Is Mena, AR 71953 a buyer’s or seller’s market?
Mena is a buyer’s market. With about 10.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 1% of U.S. ZIP codes, and #128 of 132 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Mena housing market right now
In the three months ending August 31, 2026, 8% of homes in Mena, AR 71953 sold above their list price, the typical home went under contract in 102 days and there were 10.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 41 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold more slowly (91 days then) and the median sale price held steady to $199,913. Overall, Mena is about as competitive as it was a year ago.
Within Polk County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Mena ranks #128 of 132 AR ZIP codes with enough sales (score 6 out of 100).
Nearby, buyers who want less competition could look at Vandervoort 71972 (0% sold over asking) or Hatfield 71945 (0% sold over asking).
Run the numbers for 71953
Nearby markets
Cove 71937Buyer’s market $83 /sq ftGrannis 71944Seller’s market $200 /sq ftHatfield 71945Buyer’s market $92 /sq ftVandervoort 71972Seller’s market $176 /sq ft Browse all markets →Towns like Mena nearby
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Questions about Mena real estate
Is Mena a buyer’s or seller’s market?
A buyer’s market: there were 10.6 months of supply in Mena, AR 71953 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mena?
The typical home went under contract in 102 days in the latest three months.
Do homes in Mena sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 92.9% of the list price.
What are property taxes in Mena?
About 0.41% of a home’s value a year in Polk County, or roughly $1,640 on a $400,000 home.
What is the median home price in Mena?
The median sale price was $199,913 in the three months ending August 31, 2026, about $127 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology